DOGE has been in pretty bad shape lately. Every single breakout attempt over the past several months has turned into nothing more than a liquidity grab — fake break, rejection, back inside the range. The chart makes this painfully clear with the same pattern playing out at least three times now.
What's different this time:
DOGE has been grinding inside this sideways channel between roughly $0.087 and $0.106 for quite some time. Both buyers and sellers have been stacking volume in here, which means when the real move comes, it should be meaningful — not just another range wiggle.
Right now we're sitting at the top of that channel again, and the question is the same as always — real breakout or another fake?
Two things can happen here:
If we get a confirmational BOS above the channel resistance, that's the green light for a bullish continuation and we go higher with some real momentum behind it. But if this plays out like the previous attempts — and the odds of that are still pretty high — price falls back inside the channel, which opens up a decent short opportunity back toward the lower boundary around $0.087.
Until that confirmational break is in, we're not chasing anything. Movement from here should be volatile either way, so patience is the play — wait for confirmation, not prediction.
If this added value, boost it forward.
Swallow Academy
What's different this time:
DOGE has been grinding inside this sideways channel between roughly $0.087 and $0.106 for quite some time. Both buyers and sellers have been stacking volume in here, which means when the real move comes, it should be meaningful — not just another range wiggle.
Right now we're sitting at the top of that channel again, and the question is the same as always — real breakout or another fake?
Two things can happen here:
If we get a confirmational BOS above the channel resistance, that's the green light for a bullish continuation and we go higher with some real momentum behind it. But if this plays out like the previous attempts — and the odds of that are still pretty high — price falls back inside the channel, which opens up a decent short opportunity back toward the lower boundary around $0.087.
Until that confirmational break is in, we're not chasing anything. Movement from here should be volatile either way, so patience is the play — wait for confirmation, not prediction.
If this added value, boost it forward.
Swallow Academy
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Telegram: t.me/+fiEDSn7M9pJkODA0
Telegram: t.me/+fiEDSn7M9pJkODA0
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Telegram: t.me/+fiEDSn7M9pJkODA0
Telegram: t.me/+fiEDSn7M9pJkODA0
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.